When Mao Zedong and the Communist Party of China (CPC) declared victory over Chiang Kai-shek and the Nationalists in 1949, the People’s Republic of China (PRC) that emerged bore the scars of Japanese invasion and two decades of civil war. In that moment, China began its resplendent recovery from a nation of broken cities, homes, and lives to the world’s second largest and most dynamic economy. Introduction In facilitating this recovery, the PRC outlined numerous economic poli

From Marco Polo’s reports of Chinese grandeur to naval dominance under Zheng He, tales of the vaunted Middle Kingdom have fascinated and tantalized merchants from far-flung nations. While today’s China differs from its past iterations in many regards, its prowess in trade and commerce persists. What’s more, economists predict that China’s torrid growth should continue, with annual economic growth of 7 to 8 percent through 2030.[note]Cheremukhin, A., Golosov, M., Guriev, S., &